IRIS Accounts Production v23.3.1.45 07080071 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070800712022-11-30070800712023-11-30070800712022-12-012023-11-30070800712021-11-30070800712021-12-012022-11-30070800712022-11-3007080071ns10:Originalns15:EnglandWales2022-12-012023-11-3007080071ns14:PoundSterlingns10:Original2022-12-012023-11-3007080071ns10:Originalns10:Director12022-12-012023-11-3007080071ns10:Original2022-12-012023-11-3007080071ns10:Original2023-11-3007080071ns10:Originalns10:PrivateLimitedCompanyLtd2022-12-012023-11-3007080071ns10:Originalns10:SmallEntities2022-12-012023-11-3007080071ns10:Originalns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3007080071ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3007080071ns10:SmallCompaniesRegimeForAccountsns10:Original2022-12-012023-11-3007080071ns10:Originalns10:FullAccounts2022-12-012023-11-3007080071ns10:Originalns10:Director22022-12-012023-11-3007080071ns10:Originalns10:RegisteredOffice2022-12-012023-11-3007080071ns10:Original2022-11-3007080071ns10:Originalns5:CurrentFinancialInstruments2023-11-3007080071ns10:Originalns5:CurrentFinancialInstruments2022-11-3007080071ns10:Originalns5:Non-currentFinancialInstruments2023-11-3007080071ns10:Originalns5:Non-currentFinancialInstruments2022-11-3007080071ns5:ShareCapitalns10:Original2023-11-3007080071ns5:ShareCapitalns10:Original2022-11-3007080071ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-11-3007080071ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-11-3007080071ns10:Originalns5:MotorVehicles2022-12-012023-11-3007080071ns10:Originalns5:ComputerEquipment2022-12-012023-11-3007080071ns10:Original2021-12-012022-11-3007080071ns10:Originalns5:MotorVehicles2022-11-3007080071ns10:Originalns5:ComputerEquipment2022-11-3007080071ns10:Original2022-11-3007080071ns10:Originalns5:MotorVehicles2023-11-3007080071ns10:Originalns5:ComputerEquipment2023-11-3007080071ns10:Originalns5:MotorVehicles2022-11-3007080071ns10:Originalns5:ComputerEquipment2022-11-3007080071ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3007080071ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3007080071ns10:Original1ns10:Director12022-11-3007080071ns10:Original1ns10:Director12021-11-3007080071ns10:Original1ns10:Director12022-12-012023-11-3007080071ns10:Original1ns10:Director12021-12-012022-11-3007080071ns10:Original1ns10:Director12023-11-3007080071ns10:Original1ns10:Director12022-11-30
REGISTERED NUMBER: 07080071 (England and Wales)















Financial Statements

for the Year Ended 30 November 2023

for

MBR Wealth Management Limited

MBR Wealth Management Limited (Registered number: 07080071)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MBR Wealth Management Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: M B Ryder
J M Ryder





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





BUSINESS ADDRESS: 426 Woodham Lane
Woodham
Surrey
KT15 3QA





REGISTERED NUMBER: 07080071 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

MBR Wealth Management Limited (Registered number: 07080071)

Statement of Financial Position
30 November 2023

30/11/23 30/11/22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 61,461 77,628

CURRENT ASSETS
Debtors 6 49,824 49,800
Cash at bank 76,188 69,982
126,012 119,782
CREDITORS
Amounts falling due within one year 7 (37,958 ) (23,266 )
NET CURRENT ASSETS 88,054 96,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,515

174,144

CREDITORS
Amounts falling due after more than one
year

8

(50,793

)

(57,405

)

PROVISIONS FOR LIABILITIES (14,907 ) (18,796 )
NET ASSETS 83,815 97,943

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 82,815 96,943
SHAREHOLDERS' FUNDS 83,815 97,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MBR Wealth Management Limited (Registered number: 07080071)

Statement of Financial Position - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





M B Ryder - Director


MBR Wealth Management Limited (Registered number: 07080071)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

MBR Wealth Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of services provided to customers during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on cost
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MBR Wealth Management Limited (Registered number: 07080071)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. PROPERTY, PLANT AND EQUIPMENT
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 December 2022
and 30 November 2023 77,776 7,007 84,783
Depreciation
At 1 December 2022 2,593 4,562 7,155
Charge for year 15,555 612 16,167
At 30 November 2023 18,148 5,174 23,322
Net book value
At 30 November 2023 59,628 1,833 61,461
At 30 November 2022 75,183 2,445 77,628

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Other debtors 49,824 49,800

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Hire purchase contracts 6,612 4,759
Taxation and social security 29,186 16,010
Other creditors 2,160 2,497
37,958 23,266

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Hire purchase contracts 50,793 57,405

9. SECURED DEBTS

The following secured debts are included within creditors:

30/11/23 30/11/22
£    £   
Hire purchase contracts 57,405 62,164

MBR Wealth Management Limited (Registered number: 07080071)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30/11/23 30/11/22
£    £   
M B Ryder
Balance outstanding at start of year 49,800 -
Amounts advanced 50,000 49,800
Amounts repaid (49,800 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,000 49,800

Interest has been charged on the loan at the official HMRC rates.